IGI Logo

Below is quote on RBI Monetary Policy By Mr. Niraj Kumar, CIO at Future Generali India Life Insurance Company

“Today’s dovish policy outcome of status quo and accommodative stance yet again exemplifies MPC’s commitment and resolve to remain accommodative to nurture nascent growth as long as necessary and underscores a cautious and an accommodative tone. The policy decision has come in the backdrop of looming risk to global growth and inflation emanating from the advent of the Omicron variant and despite the likely aggressive Fed tapering on the cards. MPC has reinforced that the overarching approach continues to be that of gradualism and would eliminate any element of surprises for the markets. MPC continues with gradual liquidity normalization and stands ready to pitch in through operation twists and OMO’s to tame any untoward move in yields. Overall to sum up, this policy has not thrown any curveballs and the verdict has been well embraced by the markets.”

Above views are of the author and not of the website kindly read disclaimer